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China slashed 250 million tonnes of coal capacity last year, outperforming the annual target.

China is working to further align domestic rules with international practices to facilitate foreign institutions' derivatives trading in the country's interbank bond market, the China Foreign Exchange Trade System said on Wednesday.

China still has space to boost economic growth by using monetary tools, a former central bank official said, and advisers are calling for more measures to prevent external shocks arising from possible "financial decoupling" with the United States.

China will continue to encourage the United States and the DPRK to move in a positive direction, build mutual trust, resolve their respective concerns through consultations, and make joint efforts to promote the political resolution of the Korean Peninsula issue, Lu said.

China plans to eliminate 100 million to 150 million tons of crude steel capacity and 500 million tons of coal in the five years from 2016. The country completed its 2017 tasks for capacity cuts in both sectors, according to the National Bureau of Statistics (NBS).